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Property features

No Stamp Duty

Guaranteed rent

Great transport links

Cash Buyers

7% Net rental yields

Walking distance to the universities

High specification

Property description

Property and Invest are proud to present our #47 development- A fantastic opportunity to invest in a quality development in the very heart of Leicester's city centre. Take advantage of a market which is structurally under-supplied, where demand is high and rents are rising. This is one of the safest, affordable investment opportunities available, in an excellent location and belonging to an asset class that has out-performed all others for at least 5 years.

Spread over a brand new 7 storey building, each apartment will be completely self-contained, with private kitchens, bathrooms, and will be fully furnished and finished to an extremely high standard - they even each have their own balcony! "#47" will offer residents superior communal facilities, including a ground floor reception, laundry room, roof terraces, cycle parking, a fitness room, a communal lounge/games room and communal gardens.

Investors can enjoy a 5 year rental guarantee with their apartment, offering them a minimum of 7% net rental yields per year inclusive of management fees and ground rents. This takes away the question of 'what if it is not tenanted' and provides you with full peace of mind and confidence.

How does this investment work?

Firstly you choose your unit and complete the reservation forms and fee (£5,000)Then it goes to your solicitor to arrange the exchange of legal contracts where you will make your exchange payment of 30%.From then until the time your property is ready (Q4 2018) you will gain interest on your deposit at 3%.Upon completion you transfer the final funds and the property is yours.

How do I get my rent?

Your rent is guaranteed from the date you complete on your sale at 7% per annum. For 5 years from this date you will get that rental return as a minimum paid into your bank, regardless of tenancy.

Your rent is net of any expenses including management fees, ground rent and service charge and is pure profit.

This will be guaranteed in your legal contracts.

What are my exit options?

You are free to sell whenever you like, to whomever you like at any price you like - no one will dictate this for you however please bear in mind this is a student property. We are happy to help with any resales as we usually have a list of buyers who missed out at the off-plan stage. We can do this at a very low fee if you purchased the property through us originally.

Specifications:

€Prices from only £59,000€7% net return after all expenses guaranteed each year for 5 years.€Optional 3% interest paid on all deposits.€Fully furnished included in the price€On-site Gymnasium, Reception & Games Room for all residents€Completion Q4 2018

Energy

Similar properties could save up to £132

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5900 kWh/year
Electricity: 1700 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Leicester

Estimated tax band
A
Council tax cost
£112/mowhen paid over 10 months

Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £11
Sewerage £9
Estimated water cost
£20/mo

Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Property and Invest, and do not constitute property particulars. Please contact Property and Invest for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.